Communications Systems, Inc. Declares Quarterly Dividend of $0.02 per Share

Posted by on May 20th, 2020

Minnetonka, MN – May 20, 2020 — Communications Systems, Inc. (NASDAQ: JCS) (“CSI” or the “Company”), an IoT intelligent edge products and services company, today announced that its Board of Directors has declared a cash dividend of $0.02 per common share.  The dividend is payable on July 1, 2020, to shareholders of record as of June 15, 2020.  This marks the 71st consecutive quarter that CSI has paid a dividend to its shareholders.

About Communications Systems

Communications Systems, Inc., an IoT intelligent edge products and services company, provides connectivity infrastructure and services for global deployments of broadband networks. Focusing on innovative, cost-effective solutions, CSI provides customers the ability to deliver, manage, and optimize their broadband network services and architecture. From the integration of fiber optics in any application and environment to efficient home voice and data deployments to optimization of data and application access, CSI provides tools for maximum utilization of the network from the edge to the user. With partners and customers in over 50 countries, CSI has built a reputation as a reliable global innovator focusing on quality and customer service. CSI operates three business units: Transition Networks, Net2Edge and JDL Technologies.  For more information visit: commsysinc.com.

Forward Looking Statement

This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth and future acquisitions. These statements are based on Communications Systems’ current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements here due to changes in economic, business, competitive or regulatory factors, and other risks and uncertainties affecting the operation of Communications Systems’ business. These risks, uncertainties and contingencies are presented in the Company’s Annual Report on Form 10-K and, from time to time, in the Company’s other filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Further, investors should keep in mind that the Company’s financial results in any particular period may not be indicative of future results. Communications Systems is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.

 

Contacts:

Communications Systems, Inc.                                                          The Equity Group Inc.

Mark D. Fandrich                                                                                Lena Cati

Chief Financial Officer                                                                        Vice President

952-582-6416                                                                                      212-836-9611

mark.fandrich@commsysinc.com                                                      lcati@equityny.com

 

Roger H. D. Lacey                                                                                Devin Sullivan

Chief Executive Officer                                                                       Senior Vice President

952-996-1674                                                                                      212-836-9608

dsullivan@equityny.com

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